Auto industry executives are expected to see a rise in investment in new powertrain technology, new plants, alternative fuel technologies and high growth markets, merger and acquisition activity over the next five years, according to the 12th annual global automotive survey conducted by KPMG LLP.
The U.S. Treasury may not have fully vetted the settlement of its interest in Chrysler Financial last year and not gotten a strong enough return for taxpayers, a bailout watchdog said in a report issued on Thursday.
Workers at Italian carmaker Fiat's (FIA.MI) historic Mirafiori plant were set to start the voting later on Thursday on an employment deal aimed at helping revive Fiat's fortunes at home.
Leaving behind a long list of previously attached talent from stars George Clooney, Mark Wahlberg and Jake Gyllenhaal to filmmaker Kevin Smith, the Black Beauty finally roars into theaters this weekend with Seth Rogen and Jay Chou
The U.S. Treasury may not have fully vetted the settlement of its interest in Chrysler Financial last year and not gotten a strong enough return for taxpayers, a bailout watchdog said in a report on Thursday.
The U.S. Treasury may not have fully vetted the settlement of its interest in Chrysler Financial last year and not gotten a strong enough return for taxpayers, a bailout watchdog said in a report on Thursday.
The corporate news that impacted the market during Tuesday session are: General Motors, Ford Motor, Chrysler Group, Motorola, Motorola Mobility Holdings, Motorola Solutions, and Macy's. The companies that reported earnings news after the market close are: Sonic, AngioDynamics, Landec, Team, and Mosaic. The companies that reported guidance revision news after the market close are: Mattson Technology, and Trident Microsystems.
The 2008 and 2009 bailout of the U.S. auto industry would not have taken place if Congress had been more specific in how then President George W. Bush could spend the money it gave him, a lawmaker tasked with government oversight said on Sunday.
Chrysler Group is recalling 150,000 trucks, crossover wagons and SUVs in three separate campaigns over steering, stalling and airbag concerns.
Chrysler Group LLC, the automaker managed by Italy's Fiat SpA, recalled more than 144,000 vehicles in three separate filings to federal regulators posted on Thursday.
Shares of General Motors rose more than 2 percent Tuesday after a slew of analysts advised buying shares of the automaker, which has raised $23 billion recently in the world's largest IPO.
2010 will be remembered as the worst year for automobile industry. A number of leading car makers including Toyota, Honda, GM, BMW, Hyundai, Nissan, Ford, Chevrolet recalled lakhs of vehicles because of various defects and safety problems.
South Korean automakers Hyundai and Kia Motors and German auto mobile giant Volkswagen won more top safety pick awards than any other brands in 2010, the Insurance Institute for Highway Safety said.
Toronto-Dominion Bank has agreed to buy Chrysler Financial from private equity firm Cerberus Capital Management, L.P. (Cerberus) for $6.3 billion in cash, part of a major expansion of Canadian banking behemoths into the United States.
Toronto-Dominion Bank is buying Chrysler Financial from Cerberus Capital Management for $6.3 billion, the second time in a week that a Canadian lender has placed a big bet on the resilience of the U.S. economy.
Toronto-Dominion Bank is close to an agreement to buy Chrysler Financial from private equity firm Cerberus Capital Management for $6.3 billion, a source familiar with the matter said on Monday.
Ford Motor Co will introduce a seven-passenger C-Max minivan to the North American market in 2012, a vehicle that is smaller than most current minivans in an effort aimed at young families.
World reacts against TIME magazine’s choice to snub Wikileak's founder Julian Assange and honor Facebook's Mark Zuckerberg as the 2010 Person of the Year title.
General Motors has paid $2.1 billion to complete the repurchase of preferred shares issued under a federal government bailout, the U.S. Treasury said on Wednesday. With this the auto maker has brought the total sum recouped by taxpayers to more than 23 billion dollars.
UBS initiated coverage of General Motors with a 'neutral' rating and $37 price target, saying that the automaker has no near-term catalysts to move the stock.
Chrysler is recalling 76,000 Dodge Ram pickup trucks to fix a power steering issue that could make brake pedals return slowly after the driver applies them.
Toronto-Dominion Bank is in talks to buy lender Chrysler Financial from private equity firm Cerberus Capital Management , a source said on Tuesday, although a TD official suggested such a transaction was unlikely.
